Symantec 2014 Annual Report Download - page 119
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Fiscal 2013 compared to Fiscal 2012:
Content, subscription, and maintenance revenue increased primarily due to increases from our Information
Management segment of $97 million and Information Security segment of $96 million. License revenue
decreased primarily due to a decline from our Information Management segment of $26 million.
Net revenue and operating income by segment
User Productivity & Protection
Fiscal
2014
Change in Fiscal
2013
Change in Fiscal
2012$ % $ %
(Dollars in millions)
User Productivity & Protection revenue $ 2,869 $ (110) (4)% $ 2,979 $ 4 0% $ 2,975
Percentage of total net revenue 43% 43% 44%
User Productivity & Protection operating income $ 1,061 $ 46 5% $ 1,015 $ (41) (4)% $ 1,056
User Productivity & Protection operating margin 37% 34% 35%
Fiscal 2014 compared to Fiscal 2013:
User Productivity & Protection revenue declined primarily due to a $53 million decline in endpoint
management sales, as well as declines in PC tools revenue of $21 million and decreases in certain services
activities and encryption revenues of $30 million. User Productivity & Protection operating income increased
primarily due to lower advertising and promotional expenses of $123 million, as well as a decline in salaries and
wages of $34 million.
Fiscal 2013 compared to Fiscal 2012:
User Productivity & Protection revenue remained relatively flat. User Productivity & Protection operating
income decreased primarily due to increased salaries and wages of $35 million, partially offset by lower
advertising and promotional expenses of $59 million.
Information Security Segment
Fiscal
2014
Change in Fiscal Change in Fiscal
2012$ % 2013 $ %
(Dollars in millions)
Information Security revenue $ 1,294 $ (4) 0 % $ 1,298 $ 101 8% $ 1,197
Percentage of total net revenue 19% 19% 18%
Information Security operating income $ 186 $ 148 389% $ 38 $ 143 136% $ (105)
Information Security operating margin 14% 3% (9)%
Fiscal 2014 compared to Fiscal 2013:
Information Security revenue remained relatively flat year over year. The increase in operating income was
mainly due to lower salaries and wages of $57 million, lower advertising and promotion expenses of $12 million,
lower outside services expenses of $26 million and reductions in other expenses of $54 million.
Fiscal 2013 compared to Fiscal 2012:
Information Security revenue increased primarily due to the growth in our user authentication and trust
services offerings of $73 million, managed security services of $24 million and data loss prevention products of
$14 million, partially offset by a decline in our hosted security suite offerings of $12 million. Information
Security operating income increased primarily due to higher revenue and lower salaries and wages of $37
million.
40